Stock Price Prediction

Based on the provided data and recent market activity, here's the analysis and price prediction for FND for the next trading week:

Technical Analysis

• RSI-14 at 40.82 indicates neutral territory but approaching oversold conditions
• MACD shows bearish momentum with -1.71 and negative histogram (-0.62)
• Stock is trading below all major moving averages (5,10,20,60,200,250 day SMAs)
• Bollinger Band Position (0.26) suggests price is near the lower band, indicating potential oversold conditions

Recent Price Action & News Impact

• FND reported strong Q4 results with EPS of $0.44, significantly beating estimates of $0.25
• Stifel upgraded FND to "Buy" from "Hold" with a price target of $110, citing better-than-expected Q4 results and strong profitability
• The company's expansion strategy includes adding 60 new stores in 2024, showing aggressive growth plans
• Stock has shown positive momentum after earnings, rising from $109.29 to $117.11 in recent sessions

Price Prediction for Next Week

Target Prices:

• Support levels: $92.99 (Fibonacci S1), $89.98 (Fibonacci S2)
• Resistance levels: $102.72 (Fibonacci R1), $105.73 (Fibonacci R2)

Based on technical indicators and recent positive fundamental catalysts:

• Base case (60% probability): Stock will test $102-105 range
• Bullish case (25% probability): Break above $105.73 towards $110
• Bearish case (15% probability): Retest support at $92.99

Recommendation: BUY Entry point: Current price ($103.49) Initial target: $105.73 Stop loss: $92.99

The strong Q4 results, analyst upgrade, and expansion plans provide fundamental support for upward momentum, while technical indicators suggest the stock is approaching oversold conditions, presenting a favorable risk-reward setup.